Oceaneering International, Inc. (NYSE:OII) Position Boosted by Sei Investments Co.

Sei Investments Co. increased its holdings in Oceaneering International, Inc. (NYSE:OII) by 2.0% during the fourth quarter, Holdings Channel reports. The firm owned 386,264 shares of the oil and gas company’s stock after purchasing an additional 7,412 shares during the period. Sei Investments Co.’s holdings in Oceaneering International were worth $10,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OII. American Century Companies Inc. increased its holdings in shares of Oceaneering International by 14.3% in the fourth quarter. American Century Companies Inc. now owns 2,841,710 shares of the oil and gas company’s stock valued at $74,112,000 after buying an additional 355,290 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Oceaneering International during the fourth quarter worth $531,000. Thrivent Financial for Lutherans lifted its holdings in shares of Oceaneering International by 89.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 150,693 shares of the oil and gas company’s stock valued at $3,930,000 after purchasing an additional 71,001 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Oceaneering International in the 4th quarter valued at $247,000. Finally, Natixis Advisors LLC boosted its position in shares of Oceaneering International by 5.2% in the 4th quarter. Natixis Advisors LLC now owns 37,928 shares of the oil and gas company’s stock valued at $989,000 after purchasing an additional 1,883 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup lowered shares of Oceaneering International from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Friday, January 10th. Pickering Energy Partners downgraded shares of Oceaneering International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 14th. TD Cowen boosted their target price on shares of Oceaneering International from $26.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, January 8th. Barclays decreased their target price on Oceaneering International from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. Finally, StockNews.com lowered Oceaneering International from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Oceaneering International presently has an average rating of “Hold” and an average target price of $28.25.

Oceaneering International Trading Down 1.7 %

Shares of NYSE:OII opened at $21.60 on Friday. Oceaneering International, Inc. has a 12-month low of $18.87 and a 12-month high of $30.98. The company has a quick ratio of 1.46, a current ratio of 1.74 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $2.17 billion, a P/E ratio of 15.00 and a beta of 2.42. The firm has a fifty day moving average of $23.18 and a two-hundred day moving average of $25.18.

Oceaneering International (NYSE:OII) last issued its earnings results on Wednesday, February 19th. The oil and gas company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Oceaneering International had a net margin of 5.54% and a return on equity of 17.29%. The firm had revenue of $713.45 million during the quarter, compared to analysts’ expectations of $681.60 million. On average, equities analysts expect that Oceaneering International, Inc. will post 1.78 EPS for the current fiscal year.

Oceaneering International Profile

Oceaneering International, Inc provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries worldwide. It operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace and Defense Technologies segments.